The Enforcement Directorate is exploring the possibility of a formal probe into money laundering charges in connection with the acquisition of National Herald by Young Indian .
The move comes in the wake of the Delhi High Court judgment on Monday, dismissing petitions by Congress president Sonia Gandhi, vice-president Rahul Gandhi and the other office-bearers of Young Indian, challenging the summons issued against them by a trial court on June 26 last year.
As the trial court had summoned the accused persons taking cognisance of the criminal complaint, by virtue of existing rules, the Directorate can launch independent investigations into the allegations, provided there is no stay from a higher court.
Dr. Swamy had last year also approached the ED seeking registration of a case under the Prevention of Money Laundering Act. The Directorate did not initiate the probe citing technical reasons. However, a copy of the complaint was forwarded to the Central Bureau of Investigation in August, 2014.
After the ED letter to the Revenue Secretary stating that no case was made out, Dr. Swamy again wrote to Prime Minister Narendra Modi demanding removal of then ED chief Rajan S. Katoch, accusing the senior IAS officer and other ED officials of scuttling investigations .
A few days after Dr. Swamy’s letters, Dr. Katoch was relieved of additional charge as ED chief.